U.S. spot Bitcoin ETFs saw significant outflows this week, with net outflows of $729 million over the two days from Wednesday to Thursday, as investor sentiment clearly turned cautious. Products from BlackRock, Fidelity, Morgan Stanley, and ARK 21Shares all saw substantial redemptions. Data shows that investors had sold only about $90 million worth of shares early in the week and briefly bought back nearly $119 million on Tuesday, but selling intensified afterward, putting downward pressure on the $BTC price. ETF fund flows are worth monitoring closely. (Source: X)
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